Founder Comeback Pressures Under Armour Stock
Under Armour(UA) Schaeffers Research·2024-03-14 22:23
Kevin Plank will return as Under Armour's CEO on April 1, but UAA is lower in responseUnder Armour Inc (NYSE: UAA) stock was last seen down 12% to trade at $7.12, following news that founder Kevin Plank will return as CEO on April 1 to replace Stephanie Linnartz. Plank has been serving as the apparel retailer's executive chair and brand chief since 2020.Today's bear gap is pacing to be the stock's worst single-session drawdown since a May 2022 post-earnings selloff of 23.8%. The shares are trading at their ...